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And number three and a half, speculative assets, he added.
You need an investment thats going to pay you in income.
You need an investment thats going to give you growth of your wealth.
And then you need an investment thats going to protect your money.
Another reason wealthy people like to invest in real estate is for the tax breaks, he added.
you might just invest in funds that give you exposure to thetotal stock market, he said.
Protective Assets
These assets can include gold, as a protection against doomsday, he said.
I dont consider it an investment, he said.
You should start by focusing on the first three to build wealth.
While these are a little bit more fun, they are also a lot more risky, he warned.
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